Altcoins for gambling
The appearance of Bitcoin in 2009 revolutionized the whole financial system. While the idea of a digital currency was considered an unorthodox idea back at that time in 2017 a real furor happened, and Bitcoin broke a record in the value passing $20,000.
Alongside Bitcoin, other cryptocurrencies emerged respectively. In simple words, altcoins are cryptos that are not Bitcoin. Of course, they cannot come closer to the reach and value of Bitcoin but gradually a lot of people are using them.
In addition to Bitcoin, altcoins are actively used in the online gambling industry. This trend has gained a foothold in recent years and shows no signs of slowing down. Let’s have a look at altcoins for gambling, their advantages, and what are the most popular ones players use frequently.
Top crypto sites for gambling with altcoins:
The Essence of Altcoins
Currently, there are over 1500 altcoins in the world. Not all of them are used for gambling for sure but online casinos always try to integrate as many of them as possible into their payment system. Altcoins also stick to the principles of peer-to-peer money transactions and offer enhanced characteristics. It is a general idea of cryptocurrencies that they provide high speed, anonymity, and safety of transactions. With altcoins, these characteristics are improved. For example, a popular cryptocurrency Monero has way better security and anonymity than Bitcoin and it is really useful for players involved in online gambling.
There is also rampant discussion about whether some altcoins should be deemed as altcoins or not. Ethereum is one such example. People assume that due to its increasing popularity it should no longer be considered an altcoin.
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